LSV Asset Management Makes New Investment in Kennametal Inc. $KMT

Key Points

• LSV Asset Management initiated a new stake in Kennametal, buying 80,600 shares worth about $2.29 million in the fourth quarter, according to its latest 13F filing.
• Kennametal reported better-than-expected fiscal Q3 earnings, with EPS of $0.77 versus estimates of $0.68 and revenue of $592.59 million, up 21.8% year over year.
• The stock has drawn mixed signals from Wall Street: analysts currently have a “Reduce” consensus rating, while the company also recently paid a quarterly dividend of $0.20 per share, yielding about 2.3%.

LSV Asset Management bought a new position in Kennametal Inc. (NYSE:KMT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 80,600 shares of the industrial products company's stock, valued at approximately $2,290,000. LSV Asset Management owned 0.11% of Kennametal at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Kennametal by 1.8% in the third quarter. Vanguard Group Inc. now owns 9,001,984 shares of the industrial products company's stock worth $188,412,000 after purchasing an additional 155,566 shares during the period. American Century Companies Inc. lifted its position in Kennametal by 44.0% in the third quarter. American Century Companies Inc. now owns 4,221,461 shares of the industrial products company's stock worth $88,355,000 after purchasing an additional 1,289,624 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Kennametal by 36.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,887,048 shares of the industrial products company's stock worth $39,496,000 after purchasing an additional 505,669 shares during the period. Wellington Management Group LLP lifted its position in Kennametal by 20.7% in the third quarter. Wellington Management Group LLP now owns 1,546,374 shares of the industrial products company's stock worth $32,366,000 after purchasing an additional 265,664 shares during the period. Finally, Deprince Race & Zollo Inc. lifted its position in Kennametal by 3.7% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,343,451 shares of the industrial products company's stock worth $38,167,000 after purchasing an additional 47,839 shares during the period.

Insider Transactions at Kennametal

In other news, VP Carlonda R. Reilly sold 13,410 shares of the company's stock in a transaction on Monday, March 9th. The shares were sold at an average price of $36.31, for a total value of $486,917.10. Following the transaction, the vice president directly owned 38,746 shares of the company's stock, valued at approximately $1,406,867.26. This represents a 25.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.43% of the stock is currently owned by company insiders.

Kennametal Price Performance

Shares of NYSE:KMT opened at $34.77 on Thursday. The company's fifty day moving average is $37.12 and its two-hundred day moving average is $34.35. The company has a quick ratio of 0.99, a current ratio of 2.38 and a debt-to-equity ratio of 0.43. Kennametal Inc. has a 12-month low of $17.62 and a 12-month high of $43.81. The company has a market cap of $2.65 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 0.24 and a beta of 1.44.

Kennametal (NYSE:KMT - Get Free Report) last announced its earnings results on Wednesday, May 6th. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.09. Kennametal had a net margin of 6.41% and a return on equity of 11.02%. The company had revenue of $592.59 million for the quarter, compared to the consensus estimate of $568.03 million. During the same period in the previous year, the business earned $0.47 EPS. The company's revenue was up 21.8% on a year-over-year basis. Kennametal has set its FY 2026 guidance at 3.750-4.000 EPS. Equities analysts expect that Kennametal Inc. will post 2.99 earnings per share for the current fiscal year.

Kennametal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, May 12th. Kennametal's payout ratio is 45.20%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on KMT shares. JPMorgan Chase & Co. upped their price target on Kennametal from $37.00 to $40.00 and gave the company an "underweight" rating in a report on Thursday, May 7th. Morgan Stanley upped their price target on Kennametal from $29.00 to $36.00 and gave the company an "equal weight" rating in a report on Tuesday, February 10th. Zacks Research cut Kennametal from a "strong-buy" rating to a "hold" rating in a report on Monday, May 11th. Barclays cut Kennametal from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from $40.00 to $33.00 in a report on Wednesday. Finally, UBS Group upped their price target on Kennametal from $32.00 to $39.00 and gave the company a "neutral" rating in a report on Thursday, February 5th. Six investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average target price of $35.93.

Kennametal Company Profile

Kennametal Inc is a global industrial technology company that designs and manufactures advanced materials, tooling systems, and engineered components for a range of demanding applications. Its solutions support precision metalworking, earthmoving, and wear-resistant environments, catering to customers seeking enhanced productivity, longer tool life, and reduced operating costs.

The company's product portfolio spans indexable cutting tools, solid round tools, tool holders, metalworking fluid systems, wear parts, ceramics and composites, and custom-engineered components.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.